Bank of Hawaii Co. (NYSE:BOH) Receives $73.00 Consensus Target Price from Analysts

Shares of Bank of Hawaii Co. (NYSE:BOH) have received a consensus rating of “Reduce” from the six analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $73.00.

BOH has been the topic of several recent research reports. Stephens initiated coverage on Bank of Hawaii in a report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price target on the stock. Keefe, Bruyette & Woods raised their price target on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. DA Davidson raised their price target on Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Piper Sandler raised their price target on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a report on Tuesday, January 28th. Finally, Barclays raised their price target on Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a report on Thursday, December 5th.

Insiders Place Their Bets

In other news, insider Taryn L. Salmon sold 449 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $74.97, for a total transaction of $33,661.53. Following the sale, the insider now owns 9,880 shares of the company’s stock, valued at $740,703.60. This trade represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $75.08, for a total value of $150,160.00. Following the sale, the chief accounting officer now directly owns 9,173 shares in the company, valued at approximately $688,708.84. This represents a 17.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.11% of the company’s stock.

Institutional Investors Weigh In On Bank of Hawaii

Hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new stake in Bank of Hawaii in the 4th quarter valued at approximately $49,000. SBI Securities Co. Ltd. acquired a new stake in Bank of Hawaii in the 4th quarter valued at approximately $50,000. Headlands Technologies LLC raised its position in Bank of Hawaii by 285.8% in the 4th quarter. Headlands Technologies LLC now owns 949 shares of the bank’s stock valued at $68,000 after buying an additional 703 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in Bank of Hawaii in the 4th quarter valued at approximately $70,000. Finally, Smartleaf Asset Management LLC raised its position in Bank of Hawaii by 204.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank’s stock valued at $110,000 after buying an additional 1,037 shares during the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Price Performance

Shares of BOH stock opened at $68.25 on Tuesday. The stock’s fifty day moving average is $71.39 and its 200-day moving average is $70.72. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market capitalization of $2.72 billion, a PE ratio of 19.72 and a beta of 1.01. Bank of Hawaii has a 52 week low of $54.50 and a 52 week high of $82.70.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, January 27th. The bank reported $0.85 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. Equities research analysts expect that Bank of Hawaii will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date was Friday, February 28th. Bank of Hawaii’s dividend payout ratio (DPR) is currently 80.92%.

About Bank of Hawaii

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.